IBM Sterling B2B Integration Services vs SWIFTnet FIN comparison

IBM Sterling B2B Integratio...

Read 8 IBM Sterling B2B Integration Services reviews

1,752 Views
1,370 Comparison Views

100% willing to recommend

SWIFTnet FIN

Read 1 SWIFTnet FIN review

1,012 Views
824 Comparison Views

100% willing to recommend

IBM Sterling B2B Integratio...

SWIFTnet FIN

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Executive Summary

We performed a comparison between IBM Sterling B2B Integration Services and SWIFTnet FIN based on real PeerSpot user reviews.

Find out what your peers are saying about SAP, MuleSoft, IBM and others in Business-to-Business Middleware.

To learn more, read our detailed Business-to-Business Middleware Report (Updated: May 2024).

Buyer's Guide

Business-to-Business Middleware

May 2024

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Categories and Ranking

IBM Sterling B2B Integratio...

Ranking in Business-to-Business Middleware

3rd

Average Rating

8.2

Number of Reviews

Ranking in other categories

No ranking in other categories

SWIFTnet FIN

Ranking in Business-to-Business Middleware

7th

Average Rating

9.0

Number of Reviews

Ranking in other categories

No ranking in other categories

Market share comparison

As of June 2024, in the Business-to-Business Middleware category, the market share of IBM Sterling B2B Integration Services is 18.5% and it increased by 42.8% compared to the previous year. The market share of SWIFTnet FIN is 4.6% and it decreased by 53.8% compared to the previous year. It is calculated based on PeerSpot user engagement data.

Business-to-Business Middleware

Unique Categories:

No other categories found

Featured Reviews

Joshua Rule

Senior Integration Consultant at a computer software company with 51-200 employees

Oct 30, 2023

Comes with real-time integration suite and best security

We use the product in an integrated environment where the client needs a variety of different file transfer protocols as well as an integrated file translation service IBM Sterling B2B Integration Services offers the best security. The product's most valuable feature is the real-time…

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OleksiiShcherbatiuk

CTO at PROFIX COMPANY LLP

Mar 29, 2020

Has strong stability and professional support

The initial setup is quite complex. Most of our customers can't deploy SWIFT interfaces by themselves and they need help from certified engineers. It's complex as is. The SWIFT system is complex. The time it takes to deploy will depend on the project. It can take anywhere from one to seven days. If it's for an integration then it will take longer. The users are from smaller financial institutions to very big banks. In some cases the deployment will require one person for one part and up to 10 people from the customer's side; if customers have a complex infrastructure and different people are responsible for different parts of this infrastructure, then it will involve more than 10 people.

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Quotes from Members

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:

Pros

"They have multiple features for each kind of task and issue. The company has different channels to give information to the administration. Security and integration capabilities are also important. This product has helped to replace a lot of other solutions, saving time and cost."

"The solution is extremely scalable."

"We are able to monitor all B2B messages, and we are able to see or track each message on it from an error perspective. That's a good side of it. It is working well, and we're able to do our current job."

"The product's most valuable feature is the real-time integration suite."

"They have best-in-class, quality support."

"It provides the ability to interact with financial institutions and apply the same rules."

Cons

"They can improve APIs because they are still lagging behind in API connectivity. With non-API connectivity, they're market leaders, but API connectivity, they're still in the immature space."

"It can be now classified as a legacy system because there are no more updates. From what I know, there will be no updates for the current version, which is an issue. Therefore, we are looking for a compatible new software that we can use. We're currently researching what is there in the market. We would consider something that would give us better speed on our current processor. There is also room for improvement in terms of its scalability and GUI. It is an old system, and its scalability can be improved. Its GUI can also be more appealing."

"Onboarding on the solution is complex. It's hard to onboard partners and customer suppliers. It's one aspect that is not that straightforward."

"The only weaknesses they have different governance for each task and different channels for communication which are hard to maintain. The relation of the company with other companies can be improved. We have a lot of customers who this platform for the interchange of information which can also be improved. The compliance information about banks can also be updated."

"I would like for them to work in real-time."

Pricing and Cost Advice

"Pricing is a little bit on the higher side because they give you the best support. Out of ten, I would rate pricing at seven or eight."

"The tool is expensive because of its rich features."

"They have a good pricing system, in relation to powerful features."

Information not available

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Top Industries

By visitors reading reviews

Computer Software Company

17%

Manufacturing Company

13%

Financial Services Firm

13%

Retailer

Financial Services Firm

57%

Computer Software Company

Comms Service Provider

Retailer

Company Size

By reviewers

Large Enterprise

Midsize Enterprise

Small Business

No data available

Questions from the Community

What do you like most about IBM Sterling B2B Integration Services?

The product's most valuable feature is the real-time integration suite.

See all answers

What is your experience regarding pricing and costs for IBM Sterling B2B Integration Services?

The tool is expensive because of its rich features.

See all answers

What needs improvement with IBM Sterling B2B Integration Services?

IBM Sterling B2B Integration Services needs to improve API management. It needs to incorporate a better and more stable use of AS3 software.

See all answers

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Comparisons

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Compared 19% of the time

SEEBURGER Business Integration Suite vs IBM Sterling B2B Integration Services

Compared 13% of the time

SAP Process Orchestration vs IBM Sterling B2B Integration Services

Compared 12% of the time

Mule ESB vs IBM Sterling B2B Integration Services

Compared 10% of the time

IBM B2B Integrator vs IBM Sterling B2B Integration Services

Compared 10% of the time

More IBM Sterling B2B Integration Services Competitors

SWIFT InterAct vs SWIFTnet FIN

Compared 100% of the time

More SWIFTnet FIN Competitors

Product Reports

Buyer's Guide

IBM Sterling B2B Integration Services

June 2024

IBM Sterling B2B Integration Services report

Download IBM Sterling B2B Integration Services product report

Buyer's Guide

Business-to-Business Middleware

May 2024

Download SWIFTnet FIN product report

Learn More

IBM

SWIFT

Overview

IBM Sterling B2B Integration Services are designed to alleviate the burden on internal resources by providing secure connectivity and collaboration with your customers, suppliers, and business partners. The solution is built on the cloud-based B2B integration and visibility capabilities of IBM Sterling B2B Collaboration Network and provides comprehensive service offerings for partner onboarding, B2B process management, and trading partner support.

Facilitate growth by rapidly growing and adapting your B2B community without burdening internal resources and capital
Reduce B2B total cost of ownership by reducing the cost and increasing the reliability of B2B operations

Accelerate B2B collaboration with global customers and suppliers by leveraging our B2B expertise.

FIN enables financial institutions to exchange individual structured (MT and ISO 15022 message formats) financial messages securely and reliably. FIN is used by over 10,800 financial institutions and their corporate customers worldwide to exchange over 22.3+ million messages per day across a wide range of business areas within the banking and securities industries.

FIN value-added processing includes:

Message validation to ensure messages are formatted according to SWIFT message standards.
Delivery monitoring and prioritization.
Message storage and retrieval.

It is based on a distributed processing architecture with full, built-in redundancy to ensure maximum availability.

Sample Customers

Information Not Available

Alcatel-Lucent, Bank of Tokyo-Mitsubishi UFJ, Canadian National Railway, General Electric Company, Huawei, Novartis International, Standard Bank, UniCredit, Volvo

Buyer's Guide

Business-to-Business Middleware

May 2024

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